Over the last year, property investments in Birkdale, 4159 have given investors a capital gain of -2.25%. This compares badly with the 0.88% for QLD as a whole.
Birkdale,4159 was ranked 2916 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Birkdale is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 574th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $485 and the average annual increase in value of a median property of 2.28%, investors should hope to achieve an overall return of 4.46%
Birkdale is an average performer in QLD when comparing median price capital growth over the last year. Birkdale gave property investors a average capital gain figure when compared to the rest of the state, with -0.86%.
A -0.53% growth in median value for property investors in Birkdale,4159 puts this suburb at number 266th in terms of best performing suburbs in QLD
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Advertised rents are around the $390 mark per week – giving a return of 5.44% based on the median price in Suburb
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Buyers enjoy a central location
Median house price: $569,500
Three-year growth: 15.6%
Rental yield: 4.3%
Stretching from Tingalpa Creek to Wellington Point, the suburb of Birkdale is rich in amenities, with a location that offers access to shops and dining establishments.
After 7.5% growth in the 12 months to May 2018, the median house price hit $570,000. This maintains the five-year streak of steady increases in values.
Investors enjoy a consistent stream of tenants while reaping 4.3% yield on weekly rents of $470, as the rental market boasts an average vacancy rate of just 0.9%.
Birkdale offers a lifestyle that is removed from Brisbane’s busy city while keeping residents close to the water, to schools, shops and public transport. A major shopping hub is located near the housing development of Aquatic Paradise. Birkdale State School and Birkdale South State School have been established here as well. Trains to the city stop at Birkdale railway station.